Mesa CFO resigns

[Mentor]

MESA - MESA AIR GROUP, INC. Trade Last Trade: 0.6192 [+] (Real-Time Quote) 06/06/2008 01:45pm





Item 5.02 Departure of Directors or Certain Officers
On May 23, 2008, Mesa Air Group, Inc. (the "Company") accepted the
resignation of William Hoke as the Company's interim Chief Financial Officer,
which will be effective June 6, 2008. Mr. Hoke has resigned to pursue another
career opportunity. Mr. Michael J. Lotz, the Company's current President and
Chief Operating Officer and Principal Accounting Officer, will serve as interim
chief financial officer of the Company until a suitable replacement is found.



BUYINS.NET: MESA, PNRA, ALRC, FGOC, GNPI, SKNY Have Also Been Removed From Naked Short List Today 09:25 a.m. 06/06/2008 Provided by

Jun 06, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Mesa Air Group Inc. (MESA), Panera Bread Company (PNRA), American Lorain Corp. (ALRC), Firstgold Corp. (FGOC), Genius Products Inc (GNPI), Skinny Nutritional Corp. (SKNY) . For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net .
Mesa Air Group Inc. (MESA) through its subsidiaries, provides scheduled passenger and airfreight services. It carries passengers, as well as freight and express packages on its passenger flights. The company also has interlined small cargo freight agreements with various other carriers. In addition, Mesa Air Group contracts with the U.S. Postal Service for carriage of mail to the cities it serves. Further, it occasionally operates charter flights. As of September 30, 2007, the company operated a fleet of 182 aircraft with approximately 1,100 daily departures to 184 cities in the United States, the District of Columbia, Canada, the Bahamas, and Mexico. Mesa Air Group was founded in 1980 and is headquartered in Phoenix, Arizona. With 26.88 million shares outstanding and 3.15 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of MESA. According to quarterly data provided by the SEC, there were still 31,014 shares of MESA that were failing-to-deliver as of September 17, 2007.

 

[Mentor]

Failed airline Aloha trying to sell lawsuit against Mesa Air 2:22 p.m. 06/05/2008 Provided by

Jun 05, 2008 (The Tribune - McClatchy-Tribune Information Services via COMTEX) -- Phoenix-based Mesa Air Group may have one more woe to add to its lengthening list.
Aloha Airlines' 2007 lawsuit against the local company didn't go away when the Honolulu-based carrier did. In fact, the failed airline is looking to sell the suit and its potential settlement.
Aloha, which slipped into bankruptcy in March and soon ceased all passenger operations, is auctioning its lawsuit against Mesa Air.
Hawaiian Airlines already won a $90 million judgment against Mesa Air but settled for a $52.5 million payout. Hawaiian claimed Mesa Air used proprietary information to start its own inter-island subsidiary, go!
Aloha claimed the same and also sued Mesa Air, but that lawsuit had not yet been heard when cashstrapped Aloha folded. In Honolulu District Court last week, federal Judge David Ezra said the Aloha-Mesa Air lawsuit had languished so long, he will stick with the same hearing schedule even if somebody buys the suit from Aloha, Honolulu TV station KHON-TV (Channel 2) reported.
Besides the Aloha suit and the Hawaiian Airlines settlement, Mesa Air is embroiled in litigation with Delta Air Lines. Delta said it wants to cancel a contract for Mesa Air to fly its regional service, Delta Connection, because Mesa Air defaulted on performance goals.
Mesa Air CEO Jonathan Ornstein has said in a U.S. Securities and Exchange Commission filing that the company will not be able to meet its financial obligations if Delta is allowed to dump the Connection contract.
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[satpak77]

hmmm....what SEC investigation is pending annoucement

 

[Jack Mehoff]

Where is Pdubs to start spouting off is "mesa pride"? Oh Wait, it must be time for JO's friday afternoon BJ.

 

[homerjdispatch]

M
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S
A

S
U
C
K
S
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!

 

[Flyin Tony]

well said

 

[spudskier]

Interesting, Aloha's last gasp is to take Mesa down with it.... poetic

 

[Carl_Spackler]

Doesn't Jim Cramer say it a bad sign when high level mgmt people start leaving?

 

[USCtrojan]

This is the first sign that Mesa Air Group will declare Bankruptcy. That CFO does not want a Bankruptcy on his record, which is why they leave. If Mesa does indeed declare bankruptcy, that injunction they just won against Delta--GOES OUT THE WINDOW AND IS NULL AND VOID. Bye bye Mesa.

Trojan

 

[rumorhasit]

You mean I won't be able to work for Mesa now? Damn it!!!

 

[DOVPILOT]

mesa.....

http://www.moviewavs.com/0038475992/WAVS/Movies/Full_Metal_Jacket/pukes.wav

 

[JumpersAway]

Was he the porn dude in court?????

 

[jonjuan]

This is the first sign that Mesa Air Group will declare Bankruptcy. That CFO does not want a Bankruptcy on his record, which is why they leave.

Really? That's why they leave? You have an MBA and have spent years as a corporate CFO? Frontier should file for bankruptcy before Mesa, FWIW.

 

[USCtrojan]

Really? That's why they leave? You have an MBA and have spent years as a corporate CFO? Frontier should file for bankruptcy before Mesa, FWIW.

Frontier is in Bankruptcy....Dip$hit.

Trojan

 

[jonjuan]

Frontier is in Bankruptcy....Dip$hit.

Trojan

But the CFO didn't quit. Wha? I thought they all quit so as to not have a "bankruptcy on their records?" Moron.

 

[pdub20s]

Where is Pdubs to start spouting off is "mesa pride"? Oh Wait, it must be time for JO's friday afternoon BJ.

No, I was out giving your wife the good ol' pipe session she's been missing...

I only defend the pilot group....

 

[USCtrojan]

But the CFO didn't quit. Wha? I thought they all quit so as to not have a "bankruptcy on their records?" Moron.

Hey dummy, last I checked, Frontier didn't have an interim CFO. Frontier has a Mgmt. team (except for Menke) that's been in place a long time. Let's see what happens, Dip$hit .

Trojan

 

[USCtrojan]

Was he the porn dude in court?????

No, that was JO's best friend. I can't remember his name. I initially thought the same thing. This CFO that just quit was an interim found to fill the porn dude's place. He left because of what's coming...

Trojan

Mesa Air CFO resigns

June 6, 2008 2:08 PM ET
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Mesa Air Group announced Friday that interim chief financial officer William Hoke has resigned.
Hoke had replaced George "Peter" Murnane III, who was fired in November after he deleted computer files related to Hawaiian Airlines, a subsidiary of Hawaiian Holdings (Amex: HA).
U.S. Bankruptcy Judge Robert Faris ruled in September that Mesa intentionally destroyed the confidential business information that could have been used to gain an unfair advantage against its interisland competitors in Hawaii.
Mesa settled its lawsuit with Hawaiian Airlines in April and agreed to pay Hawaiian $52.5 million for using the proprietary information to help its go! interisland operations compete in Hawaii.
Hoke resigned to pursue another career opportunity, Mesa said in a filing with the Securities and Exchange Commission.
The company said Michael Lotz, the company's current president, chief operating officer and principal accounting officer, will serve as interim chief financial officer until a replacement is found.

 

[Cardinal]

But the CFO didn't quit. Wha? I thought they all quit so as to not have a "bankruptcy on their records?" Moron.

The Frontier CFO quit like 2 months prior to the Frontier BK filing.

 

[USCtrojan]

The Frontier CFO quit like 2 months prior to the Frontier BK filing.

I'm thinking Mesa will file BK before that (2 months). Thanks for that info Cardinal, saved me the trouble of looking it up. Hey jonjuan Dip$hit, care to respond? Moron.

Trojan